Jubilee Metals Share Discussion Threads

[plat hunter] 10/8/2020 21:50

Well obviously, the cheaper the costs, the bettet but it's not as much as a weaker Sterling for those listed in London.

[homeytheclown] 10/8/2020 21:47

I have to imagine we have the same understanding because it is a simple concept. A weaker rand will benefit South African PGM producers.

[plat hunter] 10/8/2020 21:20

Also Northam as you say increased costs because there's a refining stage.

[kennyp52] 10/8/2020 20:09

Homeytheclown... if you are stating the weaker Rand lowers $ costs then is this not a contradiction of you saying this will result in lower margin than Bullsters figures ? Am I missing something here or has the Rand strengthened against the dollar and this is why you are increasing costs / ounce ?

Not what is happening in the real world ...

The rand, already on a losing streak, could be heading for more pain as emerging markets face ongoing pressure, analysts warned on Thursday.
Business rescue success hampered by ostrich syndrome and some 'rogue operators'
Rand slips to a three-week low in the wake of poor US growth

[kennyp52] 10/8/2020 20:06

I’d take $900 an ounce anyway !

[homeytheclown] 10/8/2020 20:05

Plat Hunter...Did I say anything about sunk/capital costs? JLP's operating costs are in ZAR, maybe not 100% but near enough. The point I am making is the weaker rand lowers the USD cost. This applies to capex and opex. This is plain and simple and obvious to most. If you still don't understand this I hope somebody else has the patience to explain it.

[plat hunter] 10/8/2020 18:51

Bowl completed on 15, 30 and 60 min candles. Should see buys going through tomorrow at 5.64

[plat hunter] 10/8/2020 18:36

Lol... local costs are sunked costs and that's not how FX works"With the exception of maybe one of your numbers, your numbers are off. Furthermore, you need to consider the USDZAR exchange rate when calculating earnings. For my calculations, I am using the monthly average price in USD, then converting it to ZAR using the monthly USDZAR average rate. You can subtract $350-$450 from the basket price to calculate JLP revenue. Cost to produce is USD$500-$550 but this should be converted to ZAR. It will be difficult to get an accurate estimate on cost because the first full 6-month period we had with Northam may have impacted by Covid. Anyway, cut the numbers however you want but JLP aren't earning $1,081 per ounce, I would estimate USD$900 at best."

[gsg] 10/8/2020 17:16

alwaysevolving.

lol

[homeytheclown] 10/8/2020 17:01

Did you consider the cost to produce was much less than in H1-2019 than it is today? If you look at the announcements you will see the cost to produce an ounce went up dramatically once the Northam deal started.

Your figures imply 6-month PGM earnings for H2-2020 of ~USD$32M (GBP 24M) which is double what JLP reported in H1-2020. Good luck with that estimate. Try to be realistic and make your numbers estimate H2-2020 PGM earnings equal GBP 15-18M.

[alwaysevolving] 10/8/2020 16:53

....and then Bullster simply dropped the mic and walked off 😂

[bullster] 10/8/2020 16:38

.
.

homeytheclown,

My figures are taken from our RNS'ed results.

.
.

[homeytheclown] 10/8/2020 16:32

With the exception of maybe one of your numbers, your numbers are off. Furthermore, you need to consider the USDZAR exchange rate when calculating earnings. For my calculations, I am using the monthly average price in USD, then converting it to ZAR using the monthly USDZAR average rate. You can subtract $350-$450 from the basket price to calculate JLP revenue. Cost to produce is USD$500-$550 but this should be converted to ZAR. It will be difficult to get an accurate estimate on cost because the first full 6-month period we had with Northam may have impacted by Covid. Anyway, cut the numbers however you want but JLP aren't earning $1,081 per ounce, I would estimate USD$900 at best.

[robers98] 10/8/2020 16:30

Good end to the day. Back again tomorrow for same again, how far without 1 of the many potential RNS.

[homeytheclown] 10/8/2020 15:31

Current PGM prices are pretty much the same as the average PGM basket price in ZAR during the first half of 2020. If today's prices were to hold constant for the remainder of 2020 then we would see a price increase of ~10% for the H2-2020 period compared to H1-2020.

[gsg] 10/8/2020 15:12

Pal now up 6.36%. At these margins JLP must be raking the cash in.

[nelson01] 10/8/2020 15:09

At least we tried to help the numpties but they were to engulfed in their own bitterness to see a good thing and buy the shares. This is what we have been waiting for all these years and the beginning of a massive bull market in precious metals that I think will see platinum double from here.

[nelson01] 10/8/2020 15:04

Yes bullster, another $150 needs to be added. As I said a few months ago it's a perfect storm and platinum has a lot further to go yet. Ten years ago platinum was double the price of gold and now its half.

[gsg] 10/8/2020 14:57

Gap up on Palladium . Plus 5.5% at $2290

[lostabillion] 10/8/2020 14:55

Just look at that basket price :-))

My goodness we’re in for a cracking time over the next year or two and well beyond.

[bullster] 10/8/2020 14:53

PLATINUM
49%
@
$992.00
$486.08


PALLADIUM
40%
@
$2,170.00
$868.00


RHODIUM
9%
@
$8,500.00
$765.00


GOLD
2%
@
$2,043.20
$40.86





B.B.I. =
$2,159.94

[plat hunter] 10/8/2020 14:06

Do it Losta... teach those tick traders a lesson